Company Valuation: Argan

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,629 1,739 1,965 1,536 1,698 1,548 - -
Change - -33.86% 12.99% -21.81% 10.5% -8.82% - -
Enterprise Value (EV) 1 4,325 3,616 3,922 3,236 3,391 3,385 3,381 3,343
Change - -16.39% 8.45% -17.48% 4.77% -0.17% -0.12% -1.12%
P/E 3.92x 18x -7.47x 6.05x 6.88x 9.07x 9.28x 8.85x
PBR - - 1.04x 0.69x 0.71x 0.66x 0.63x 0.61x
PEG - -0.2x 0x -0x -1.72x -0.3x -4.18x 1.83x
Capitalization / Revenue 14.2x 8.79x 8.9x 6.43x 8.01x 7.02x 6.72x 6.55x
EV / Revenue 23.3x 18.3x 17.8x 13.5x 16x 15.3x 14.7x 14.1x
EV / EBITDA 29.4x 24x 22.8x 17.4x 17x 16.2x 15.5x 14.9x
EV / EBIT 29.4x 31x -19.5x 10.7x 11.7x 16.1x 15.9x 15x
EV / FCF 41.9x -32.8x 156x 23.3x - 45.7x 16.3x 15.8x
FCF Yield 2.39% -3.05% 0.64% 4.29% - 2.19% 6.15% 6.34%
Dividend per Share 2 2.6 3 3.15 3.3 3.45 3.585 3.665 3.772
Rate of return 2.23% 3.96% 3.7% 5.45% 5.23% 5.97% 6.1% 6.28%
EPS 2 29.7 4.2 -11.4 10 9.6 6.625 6.478 6.791
Distribution rate 8.75% 71.4% -27.6% 33% 35.9% 54.1% 56.6% 55.5%
Net sales 1 185.6 197.9 220.7 239 212 220.5 230.5 236.4
EBITDA 1 147.1 150.5 172.1 185.7 199.9 208.8 218.8 223.8
EBIT 1 147 116.8 -201.2 302.2 290.9 210.8 212.6 223.4
Net income 1 668 95.1 -263.5 245.7 245.2 166.6 173.5 179.4
Net Debt 1 1,696 1,877 1,957 1,700 1,693 1,837 1,833 1,795
Reference price 2 116.40 75.80 85.20 60.50 66.00 60.10 60.10 60.10
Nbr of stocks (in thousands) 22,587 22,940 23,059 25,392 25,721 25,753 - -
Announcement Date 19/01/22 19/01/23 18/01/24 16/01/25 22/01/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.07x15.35x16.21x5.97% 1.8B
41.66x19.79x25.98x2.93% 136B
26.69x21.45x24.62x0.93% 46.66B
34.91x16.02x22.66x3.11% 10.94B
27.41x13.6x20.18x3.15% 8.33B
27.61x11.13x15.75x5.06% 7.72B
18.68x13.59x17.81x4.3% 7.69B
34.4x11.74x16.04x4.01% 7.35B
33.9x15.82x23.86x3.2% 7.04B
10.77x18.37x18.77x5.85% 6B
Average 26.51x 15.69x 20.19x 3.85% 23.98B
Weighted average by Cap. 35.29x 18.82x 24.15x 2.81%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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